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Municipal Recycling Collection Could Prove Key To GTSO’s Success

Green Technology Solutions (OTCBB: GTSO) announced today that the
company has completed its on-site due diligence into large-scale
municipal collection of e-waste as it makes plans to work with local
governments to...

Green Technology Solutions (OTCBB: GTSO) announced today that the company has completed its on-site due diligence into large-scale municipal collection of e-waste as it makes plans to work with local governments to recycle the valuable metals inside cell phones, computers, flat screens and more.

Beginning last year, GTSO CEO Paul Watson visited municipal e-waste recycling centers in Houston, Texas, to interview operations supervisors and volunteers and gain expertise about city recycling collection and processing. The company’s current joint venture target, Chilean recycler Chilerecicla, has found success by collecting e-waste from a range of municipalities, corporations, and other entities and they are looking to expand this process throughout Latin America.

Through the planned partnership now under discussion, GTSO is exploring ways to fund the expansion of Chilerecicla’s Latin American e-waste business while transferring that company’s best practices to recycling efforts in the U.S.

“In order to achieve our ambitious goals, it’s been necessary to familiarize ourselves with municipal waste and recycling collection methodology,” Watson said. “Now we understand the collection and bidding process for e-waste in one of the nation’s largest cities, and we think Houston may be the perfect place to get started.”

Urban mining is key to GTSO’s plans to compete alongside major international corporations striving for sustainable waste solutions, such as Industrial Services of America (NASDAQ: IDSA) and Sims Metal Management Ltd. (NYSE: SMS). Late last year, GTSO acquired the company Global Cell Buyers and soon after rebranded the company as Green Urban Mining to handle its domestic recycling and resale operations.

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